Ann: Placement to Accelerate Vanadium Resource Upgrade Work, page-10

A failed tech (the yellow garbage bin bouy)
Change of name
A big consolidation
Now dilution CP at 2.5 cents plus heaps of options
What a joke
Protean Energy Limited (ASX: POW) (Protean or the Company) is pleased to announce it has received commitments to raise $1 million through a placement of 40,000,000 shares at an issue price of 2.5¢ per share (Placement). The Placement was managed by CPS Capital Group Pty Ltd (CPS Capital) and was heavily supported by new and existing shareholders.